240 Indian Springs Rd Hot Springs, AR 71901
- Apartment buildings
- 8,562 SF
Current Use by Public Records
- Apartment buildings
Property Details for 240 Indian Springs Rd
- Year built
- 1976
- Property size
- 8,562 SF
- Property type
- Apartment buildings
Description
This exceptional 6-unit apartment complex presents a unique investment opportunity in the desirable Lakeside School District of Hot Springs, Arkansas. Nestled on a tranquil 2.6-acre lot at the end of a quiet road, this property offers residents a secluded and peaceful living experience, bordered by mature trees. Each of the six units boasts a spacious 1200+ square foot layout, featuring two bedrooms and two and a half bathrooms. The open-concept kitchens are equipped with stainless steel appliances (with one unit having white appliances), a breakfast bar, and a convenient walk-in pantry. Sliding glass doors lead to private patio areas, enhancing the sense of privacy and outdoor living. Upstairs, the master bedroom and guest bedroom offer ample closet space. The master bathroom includes dual sinks, a luxurious Jacuzzi tub, and a separate shower. The property features roofs replaced in May 2015, while the HVAC systems vary in age. The substantial acreage provides significant potential for future development or expansion, adding considerable long-term value. This property is located at 240 Indian Springs Rd, Hot Springs, AR 71901, and encompasses a total of 8,562 square feet, built in 1976. The asking price for this remarkable investment is $882,500.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -92.9705
- Latitude
- 34.4655
